June 20 2018
The Securities and Exchange Commission of Pakistan (SECP) on Wednesday issued Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018, in compliance with Financial Action Task Force (FATF) recommendations, which are mandatory to adopt for Pakistan being a member of the Asia Pacific group on money laundering.
According to a statement issued by the SECP, the latest regulations “supersede all earlier notifications which had separate anti-money laundering (AML) and countering financial terrorism (CFT) requirements for financial institutions regulated by the SECP”.
Securities and Exchange Commission of Pakistan (SECP) on Wednesday issued Anti Money Laundering and Countering Financing of Terrorism Regulations, 2018, in compliance with Financial Action Task Force (FATF) recommendations, which are mandatory to adopt for Pakistan being a member of the Asia Pacific group on money g.